3.0.0 5746 2023-01-11T13:23:04Z 2023-01-11T13:23:04Z House H HR 2012-05-15 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. TIBERI:H.R. 5746.Congress has the power to enact this legislation pursuantto the following:This bill makes changes to existing law relating to Article1, Section 8 which provides that, ``The Congress shall havePower To lay and collect Taxes, Duties, Imposts and Excises,to pay the Debts and provide for the common Defense andgeneral Welfare of the United States; but all Duties, Impostsand Excises shall be uniform throughout the United States;''and Article 1, Section 7 which provides that ,''All bills forraising Revenue shall originate in the House ofRepresentatives.''[Page H2714]]]> hswm00 Ways and Means Committee House Standing Referred to 2012-05-15T16:05:35Z 2012-05-16 Sponsor introductory remarks on measure. (CR E820) IntroReferral B00100 9 Library of Congress 2012-05-15 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2012-05-15 Introduced in House IntroReferral Intro-H 9 Library of Congress 2012-05-15 Introduced in House IntroReferral 1000 9 Library of Congress T000462 Rep. Tiberi, Patrick J. [R-OH-12] PATRICK TIBERI R OH J. 12 N N000015 Rep. Neal, Richard E. [D-MA-2] RICHARD NEAL D MA E. 2 2012-05-15 True J000174 Rep. Johnson, Sam [R-TX-3] SAM JOHNSON R TX 3 2012-05-15 True R000053 Rep. Rangel, Charles B. [D-NY-15] CHARLES RANGEL D NY B. 15 2012-05-15 True N000181 Rep. Nunes, Devin [R-CA-21] Devin Nunes R CA 21 2012-05-15 True S000810 Rep. Stark, Fortney Pete [D-CA-13] PETE STARK D CA 13 2012-05-15 True R000578 Rep. Reichert, David G. [R-WA-8] David Reichert R WA G. 8 2012-05-15 True L000287 Rep. Lewis, John [D-GA-5] JOHN LEWIS D GA 5 2012-05-15 True R000580 Rep. Roskam, Peter J. [R-IL-6] Peter Roskam R IL J. 6 2012-05-15 True B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 2012-05-15 True G000549 Rep. Gerlach, Jim [R-PA-6] Jim Gerlach R PA 6 2012-05-15 True K000188 Rep. Kind, Ron [D-WI-3] RON KIND D WI 3 2012-05-15 True S001179 Rep. Schock, Aaron [R-IL-18] Aaron Schock R IL 18 2012-05-15 True C001038 Rep. Crowley, Joseph [D-NY-7] JOSEPH CROWLEY D NY 7 2012-05-15 True J000290 Rep. Jenkins, Lynn [R-KS-2] Lynn Jenkins R KS 2 2012-05-15 True P000594 Rep. Paulsen, Erik [R-MN-3] Erik Paulsen R MN 3 2012-05-15 True M000404 Rep. McDermott, Jim [D-WA-7] JIM MCDERMOTT D WA 7 2012-05-18 False R000585 Rep. Reed, Tom [R-NY-29] Tom Reed R NY 29 2012-06-07 False S001172 Rep. Smith, Adrian [R-NE-3] Adrian Smith R NE 3 2012-06-07 False M001158 Rep. Marchant, Kenny [R-TX-24] Kenny Marchant R TX 24 2012-06-07 False D000096 Rep. Davis, Danny K. [D-IL-7] DANNY DAVIS D IL K. 7 2012-06-19 False V000128 Rep. Van Hollen, Chris [D-MD-8] Chris Van Hollen D MD 8 2012-06-19 False B001255 Rep. Boustany, Charles W., Jr. [R-LA-7] Charles Boustany R LA W. 7 2012-06-19 False T000460 Rep. Thompson, Mike [D-CA-1] MIKE THOMPSON D CA 1 2012-06-21 False B000755 Rep. Brady, Kevin [R-TX-8] KEVIN BRADY R TX 8 2012-06-21 False H000528 Rep. Herger, Wally [R-CA-2] WALLY HERGER R CA 2 2012-06-21 False P000096 Rep. Pascrell, Bill, Jr. [D-NJ-8] WILLIAM PASCRELL D NJ J. 8 2012-06-21 False D000399 Rep. Doggett, Lloyd [D-TX-25] LLOYD DOGGETT D TX 25 2012-07-24 False D000603 Rep. Davis, Geoff [R-KY-4] Geoff Davis R KY 4 2012-07-24 False P000591 Rep. Price, Tom [R-GA-6] Tom Price R GA 6 2012-07-24 False L000557 Rep. Larson, John B. [D-CT-1] JOHN LARSON D CT B. 1 2012-08-01 False S001162 Rep. Schwartz, Allyson Y. [D-PA-13] Allyson Schwartz D PA Y. 13 2012-08-02 False S000250 Rep. Sessions, Pete [R-TX-32] PETE SESSIONS R TX 32 2012-08-02 False B000287 Rep. Becerra, Xavier [D-CA-31] XAVIER BECERRA D CA 31 2012-09-12 False M001139 Rep. Miller, Gary G. [R-CA-42] GARY MILLER R CA 42 2012-09-12 False S001156 Rep. Sánchez, Linda T. [D-CA-39] Linda Sánchez D CA T. 39 2012-09-12 False B001273 Rep. Black, Diane [R-TN-6] Diane Black R TN 6 2012-09-19 False B001260 Rep. Buchanan, Vern [R-FL-13] Vern Buchanan R FL 13 2012-11-14 False Taxation Financial services and investments Housing finance and home ownership Interest, dividends, interest rates Real estate business Securities Tax administration and collection, taxpayers Taxation of foreign income Taxation

00 2012-05-15 Introduced in House 2012-08-02T18:33:23Z Update and Streamline REIT Act of 2012 or US REIT Act of 2012 - Amends the Internal Revenue Code, with respect to the tax treatment of real estate investment trusts (REITs), to: (1) modify safe harbor rules for avoiding penalties for prohibited sales of rental and timber properties by REITs by allowing three-year averaging of sales proceeds for such properties, (2) repeal the preferential dividend rule for dividend payments to shareholders of publicly-offered REITs, (3) revise REIT income and assets tests to allow treatment of publicly-offered REIT debt instruments and personal property leased or mortgaged in connection with REIT real property as real estate assets, (4) make permanent the treatment of gain from sales of timber property and mineral royalties as qualifying REIT income, and (5) revise the calculation of REIT earnings and profits to avoid duplicate taxation of REIT shareholders.

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Display Title Official Title as Introduced Introduced in House IH Short Titles as Introduced Short Titles as Introduced Introduced in House 2012-05-15T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr5746ih/xml/BILLS-112hr5746ih.xml 2012-05-16 Sponsor introductory remarks on measure. (CR E820) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.